Corporation Tax Act 2009 section 1216CF

Additional deduction for qualifying expenditure

Section 1216CF provides television production companies with the ability to claim an additional tax deduction based on qualifying expenditure incurred on a relevant programme.

• A television production company may claim an additional deduction based on its qualifying expenditure on a relevant programme
• The additional deduction is taken into account when calculating the profit or loss of the company's separate programme trade
• Qualifying expenditure is defined as core expenditure that is taken into account under Chapter 2 when calculating the profit or loss for tax purposes
• HM Treasury has the power to amend the definition of qualifying expenditure by regulation, including specifying whether particular types of expenditure do or do not qualify